by Structured Settlement Watchdog
Beware structured settlement payment buyers who offer a customer satisfaction guarantee that promises to beat any offer by $500. They say if you do receive a better offer from another structured settlement buyer, they will pay you $500. Is this a good deal? In most cases probably not.
While it may seem like a good deal to chase the quick $500-$1000, there may be considerably more fat in the deal. When you consider how bad Cedric Thomas was financially raped by Novation Funding by more than $1.4 million 3 years ago, an extra $500 is like giving someone a quarter and saying " calls someone who cares"
There are a few honest buyers in the structured settlement secondary market. Most of the rest take advantage of unsophisticated sellers, often young 18-21 years and often Black and Hispanic minorities.
Hustlers come in all shapes sizes and colors.